Consumer Financial Protection Bureau
Recent News About Consumer Financial Protection Bureau
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Texas attorney ordered to pay millions in alleged loan modification scam disbarred in California
SAN FRANCISCO – Fort Worth, Texas attorney Chance Edward Gordon, slapped with an $8.6 million federal judgment over his loan modification services and who exhibited "outrageous behavior" during an official investigation, has been disbarred following a California Supreme Court order. -
Consumer board seeks $287 million in restitution over CashCall case
LOS ANGELES -- A Nov. 20 hearing featured the Consumer Financial Protection Bureau calling CashCall a purveyor of “financial snake oil” and arguing the online lender should pay as much as $287 million because they deceived customers. -
Class action blames mortgage servicer's noncompliance for lost homes
OAKLAND, CALIFORNIA – A class-action lawsuit filed in the U.S. District Court for the Southern District of California alleges that Specialized Loan Servicing (SLS) improperly processed loan modification applications for customers in California that often led to overpayments on the loan and unjust foreclosures of the borrower’s home. -
Big banks fighting district attorney's claims say contingency lawyers are illegally managing the litigation
SACRAMENTO - Three major banking institutions accused of deceptively marketing credit card services are now asking a California federal judge to disqualify counsel, saying the district attorney who sued them has illegally hired private firms to handle the cases. -
California Court of Appeal rules class action against DirecTV can proceed
SAN FRANCISCO – The California Court of Appeal issued a decision on May 9 remanding a class-action lawsuit filed against DirecTV to trial court for a ruling on whether the company waived its right to enforce an arbitration agreement that the U.S. Supreme Court recently upheld as enforceable in DirecTV Inc. v. Imburgia.